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: z) U4 Y/ \2 D2 X% y# o0 [2 aBelow is an Interesting article I found, which says that.....Do not
+ I1 Q3 }( h' |$ u& K# Z& z* R' t8 u# b0 {expect much from Crude Oil producers and future is not with the 0 O- p: V4 p9 N- P1 G3 V9 Y
companies producing Jet fuels but Biofuels. Also no wonder if some of
7 i. ^7 q0 h0 g2 O4 i+ Tthese oil producer will go bankrupt or out of the business even if 1 w) g7 t3 p1 n+ N: F K
crude prices improves. This implies also to good names such as Shell, % H# M$ r$ B* X( v. [# L8 B6 w
EXXON, BG, BP, Cheveron ....xyz.. oils
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Recently OPEC reduced crude oil production twice over just a few ' ?3 A3 M8 s6 ?# g- e
months. There are three wars going on in Gaza, Iraq and Afghandistan.
% M0 |* p& a, lA year ago these things would have spiked the price of crude oil by at : P C* k2 c0 W V& ~% H
least $50.00 per barrel. Today, oil price declined by a record amount. ) \( Q% z$ B6 ?" x s- f- M3 L2 F
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There are several reasons the price of oil is decreasing in the face . |; E8 z, F( g* M7 [; I
of so much news. These reasons are:
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1. New oil has been found in Canada, Montana, North & South Dakota and ( o2 S2 m6 |- Q" l
in the ocean near Brazil. Each of these oil fields has more oil than - W3 p8 \" P' m5 U* c
Arabia.
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) a+ Y" q! J5 ]2. New natural gas has been found in Pennsylvania and West Virginia. 6 j7 \: f, @# F, j
This is the largest find in North America.
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4 M- ~2 ~) L7 C$ E. `3. New methods of injecting CO2 and surfactants into oil wells is 5 o% |4 M9 P. O8 H
being used to double their output. 7 F1 _& n+ ^9 |6 O; _# V: s
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9 M6 R# R7 A8 J# c- g0 U4. Production of bio-fuels is beginning to reach critical mass. Bio ' y G W6 `" g, b& j. e2 I6 r" X
fuel is being produced from many plants and algae. The production ( y# a( R, Y, K7 e
potential per acre in some cases is astounding. Many countries are ' e$ K% r! g7 }
racing to produce bio fuels. , x8 ^6 u/ |3 z8 r( o
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) ?0 y$ n% f* Z5. Virtually every restaurant in the US and all food processing plants
2 _: u t3 L. ]+ l; Kare now selling their used oil to bio-diesel producers. Every pork, " ?6 n) X. y8 {% l7 d7 I
cattle, turkey and chicken processing plant will soon sell their fat
& B' T8 |, }- R6 sto bio-diesel producers. One pork processing plant in Oklahoma is * J/ y7 c# K. f- Y/ s) Z0 j. }
producing 30,000 gallons of bio-diesel per day from pork fat. 5 |; ]/ v! r- Z2 v# a" z- e v& Q
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6 f J |! w8 J- E6. There are 99 nuclear reactors in various stages of planning and
! M# V2 H" M4 M ?construction around the world at this time. Several hundred more are
l1 @# \# D! cexpected to be built in the future. Much of the energy they produce
* v2 o% b1 T" f& u0 K" Awill replace oil.
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7. Every company in any form of transportaion business is replacing ( N: j+ U6 Z q5 t
older equipment such as trucks, airplanes, train engines, ships, etc. ; X3 W) d* o5 o) N: d5 Y' y% C
with new more fuel efficient equipment. Airlines and railway companies
/ ?( p) ^- ]" p! f/ e: ?$ O4 N& ^are experiencing 20% to 25% better fuel econony with the new * x/ @. a. t; e" D- y& | Y
equipment.
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Airlines are flying airplanes with bio-fuel. They are finding the bio-
# P- F4 W+ i& h2 l; u: O! K; {fuel is cleaner and performs better than jet fuel.
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8. Cities and counties throughout the US are selling the rights to
+ D! ~( }5 L; _0 s' pcapture methane gas from landfills. This is a huge source of gas
% A' q8 {! ~. C* x+ X6 a+ mavailable at very little cost or risk. The gas is displacing crude
5 m( Q# x+ N$ p' M/ P- n' Eoil. 4 |; I: ` i. {, I; U6 c
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9. Coal is being transformed into a clean burning liquid fuel. The CO2
2 E' W* S4 f" ~$ sproduced as a byproduct is sold to oil companies for injection into
8 D: D: {& w% \6 qoil wells.
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, ~2 z+ B ? C5 a! F10. Solar, wind and ocean energy is displacing oil as an energy
& e# W, p. W6 @% v4 B8 bsource. Three new wind turbines are being erected every day in the US.
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Each of the above by itself will not make a large difference in the $ d( o/ d2 t) Y6 j, _+ [
price of crude oil but the sum of all of them together is world
6 ?7 d0 I8 P* Z. Gchanging. The important thing is that OPEC no longer has the ability
( k9 _) K" k# V) I( [to control oil prices. $ T& ?- |- f0 i* B8 ~( V4 i5 g
) M2 |/ j( M0 N% f0 D' e- V
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With the above scenario, I still believe that there are under 9 b! w) K: B7 a5 X6 M0 l
performed OIL companies and probably they are yet to get the justified
; m1 V4 z2 x& O0 T4 N* O8 y& e# Tvalue .....
. o$ v) F* P9 {) nIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... ) M8 j! G/ S- N% H
8 B" N* C" W* \) `" k
) p1 c; h5 A z4 _The above articles are from WSJ .............PUBLISHED ON 9TH JAN
6 d9 v4 z" p" ^" S# M' Q2009 ... FYI-Only |
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发表于 2009-1-13 18:58
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